Zanifu Secures Funding from Yango Ventures for SME Lending in Africa

Kenyan fintech startup Zanifu has secured funding from Yango Ventures to scale its SME lending operations throughout Africa, according to WeeTracker. This investment follows Zanifu's previous disbursement of USD 60 million to 15,000 small businesses. The capital will enable Zanifu to broaden its reach and provide crucial financial services to more small and medium-sized enterprises (SMEs) in the region. This funding underscores the ongoing investor confidence in fintech companies that are bridging the financing gap for African SMEs. With Yango Ventures' support, Zanifu is strategically positioned to expand its lending platform and empower a greater number of businesses. The investment reflects a broader trend of increasing venture capital allocation towards fintech solutions tailored for the African market, where limited access to traditional financing remains a major obstacle for small business growth.